Re: [A-List] Fullblown Panic

["Margaret Wyles" <kaliyuga@xxxxxxxxxxxxx>]

> This is going to be a rough week. Fastening your seat belts may not be
> enough for this ride. Better superglue yourselves to the floorboards and
> pray for God's mercy.

>

LONDON - Shares from Sydney to London sank for a second day on Tuesday, 
dragging commodity prices with them and promising a woeful start for Wall 
Street as investors dumped assets exposed to the risk of a global economic 
slowdown.

European stocks, while off early lows, were down more than 1 percent after 
Japan’s benchmark Nikkei lost 5.7 percent ? the worst one-day loss since 
the session after the Sept. 11, 2001, attacks on the United States ? while 
MSCI’s measure for other Asian stocks tumbled more than 7 percent.

“We’re in the midst of very bearish sentiment. There’s a lot of fear in 
this street and worldwide,” said Tom Hougaard, chief market strategist at 
City Index Markets.

http://www.msnbc.msn.com/id/22764080/

Because of the MLK holiday, the US market was closed yesterday.  Now, with 
two days of worldwide losses, one has to wonder not if, but how much, the US 
market will fall.  Some are suggesting at least a 1000 pts - especially 
dismal considering it's already off 2000 pts from the high of 14000.

M